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May
09
TECHNICAL ANALYSIS BY NSFX 09.05.2014
By:Nati
High: Low:
The resistance level towards 102.60 with the support towards the 101.60 area which could provide a floor in a range for a period of consolidation before any breakout can occur. Should bullish price action breach the 100 day SMA the 103.30 resistance level could offer resistance going forward. Yesterday saw a test of the 200 day SMA with further support at 101.20 an important level going forward.
R3 | |
R2 | |
R1 |
S1 | |
S2 | |
S3 |